Which of the Following Statements Is Most True? in a Properly

question 4

Multiple Choice

Which of the following statements is most true? In a properly controlled system of administrative and reporting functions:

• A)Employees have access to related assets or source documents, and on processes such as sales and cash receipts employees are given general authorization to initiate and process transactions.
• B)Employees have access to related assets or source documents, administrative processes are tightly controlled by supervisors, and on processes such as sales and cash receipts employees are given general authorization to initiate and process transactions.
• C)On processes such as sales and cash receipts, employees are given general authorization to initiate and process transactions.
• D)Employees have access to related assets or source documents and employees have the authority to initiate processes such as investing.

---

Definitions:

Autoregressive Model

A statistical model for analyzing and forecasting time-series data, where future values are predicted based on past values of the variable.

Time Series

A succession of data points, generally capturing periodic readings collected over a specified duration.

Quadratic Trend

A pattern in data that can be represented by a quadratic function, indicating that the relationship between the variables involves squared terms.

Linear Trend

A consistent upward or downward slope in a dataset, indicating an increase or decrease in the variable over time.